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on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate
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Sep. 15, 2009
Not a pretty story reported in The Real Deal (last Friday, on line) about a Manhattan loft developer default, CIT Group sues for $12M at Noho condo site. I don't have a lot of any experience running numbers on a development project, but this seems like it
Sep. 14, 2009
When I saw that the "2,000 sq ft" Manhattan loft #9E at 40 West 20 Street closed on September 2 for $1.64mm and that the "2,000 sq ft" #8N closed for $1.7mm on January 30, 2008 I was intrigued. That #8N closing was pretty close to the calendar peak for al
Sep. 3, 2009
When I first saw the listing description for a Manhattan loft brand new to market (chock full of mints, renovation news, adverbs and adjectives) I assumed that it is priced almost 20% above the 2006 clearing price because all of the broker bragging was ab
Sep. 2, 2009
This "2,500 sq ft" loft on Broadway between 18th and 19th Streets has serious old-school Manhattan loft charm: pine columns, 14 ft ceilings, wainscoting (check the pix for the size of the windows!). These sellers include an architect and they have owned
Aug. 25, 2009
Of course The Market does not care what a seller has to pay, or has paid; The Market only cares about what the seller and buyer can agree upon. In this case, the July 31, 2009 buyer of a renovated loft and the June 19, 2008 buyer of a blank canvas agreed
Aug. 20, 2009
One of these days I will do a long post about how The (overall) Market is made up of individual transactions that vary widely from The (overall) Market trend. But not today. Today the news is about a Manhattan loft that is anomalous only if your theory is
Aug. 15, 2009
The Manhattan loft #2 at 114 Spring Street has (and has had) a lot to recommend it: prime Soho location, "1,900 sq ft", 12 foot barrel-vaulted ceilings, bright lights and cast-iron views, and a renovation described as "magnificent" (Venetian plastered wal
Aug. 10, 2009
This one is weird.... I began this post in my mind with a headline like "pricing it VERY right at 49 Warren Street" because the StreetEasy listing associated with the closed sale of this loft on July 29 begins on June 6 at $1.3mm, with an apparent contrac
Aug. 7, 2009
Having visited both 2006 and Franklin Street in Tribeca on Wednesday (Aug 5, 155 Franklin Street crashes past 2006 to close up 28% (since 2000)), a Manhattan loft that sold more than 3 years ago around $850/ft caught my eye. It is in prime loft-ville, jus
Aug. 4, 2009
Speaking of lovely Manhattan lofts (as we were last week, July 31, why isn't a Tribeca premium renovation worth at least 250/ft?) with pricing difficulties (as we were yesterday, ditto), there's a new firm and a price on a loft to root for: this baby just
Aug. 1, 2009
I am led to these ruminations by a lovely loft with a potentially over-the-top renovation in a prime Manhattan loft neighborhood priced around $1,000/ft. There is nothing in the pix or floor plan to suggest that anything that is stated in the glowing list
Jul. 31, 2009
You'd think that a stem-to-stern high quality renovation of a Manhattan loft would both (a) cost and (b) be worth at least $250/ft, wouldn't you? There is a loft in prime Tribeca that was gutted after being purchased in April 2007 right around $1,000/ft a
Jul. 29, 2009
Categorized in: Market Trends
There's a pretty big Manhattan loft in a Chelsea corner that has been patient at an asking price around $1,100/ft for 3 months, which is just slightly less than the loft sold for in 2005. Ouch. It is a lovely loft, full of mints and proper proper names, w
Jul. 28, 2009
The Manhattan loft #3 at 21 Bond Street was sold this month (July 17, deed filed last Friday) in "bring your imagination" condition (no interior pix), and suggests that the limitation of a buyer needing 'extra' cash to fund a renovation -- like many -- ca
Jul. 27, 2009
There's a Manhattan loft (fairly) newly for sale that caught my eye as a potential test of one of the limits that is more limiting in the current market than in prior markets: selling a space that will need substantial (if not gut) renovation. With mortga
Jul. 26, 2009
The Manhattan loft #8 at 43 East 19 Street is a lot of loft: "4,100 gross SF per floor" plus a huge terrace (half the size of a full floor, at "2,050 sq ft"). The listing description emphasizes volume over finishes, while noting "wonderful original detail
Jul. 22, 2009
Categorized in: Market Trends
Let's try something new for Manhattan Loft Guy. I give you two sales of same-size lofts in the same building, with condensed descriptions and listing histories, and you guess which one is from 2009 and which one is from 2005. Both are said to be "1,600 sq
Jul. 1, 2009
Categorized in: pricing analysis
There is a lovely (anonymous!) Manhattan loft for sale that is almost a One Bed Wonder (haven't talked about one of those for a while). It is rather large, wonderfully renovated in a manner tres chic moderne, and has had a bit of trouble finding The Mar
Jun. 23, 2009
The Manhattan loft #12C at 315 West 36 Street was marketed with some urgency, some big price drops, and all caps (I have taken that annoying formatting off): "major price drop, must sell immediately!!!". Darned if they didn't do it (not "immediately", but
Jun. 22, 2009
The Manhattan loft 5SE at 9 Murray Street was presented to the market in August 2008 (just before Lehman) with grand ambitions and evident motivation: starting at $1.9mm on August 16, 2008; dropped to $1.8mm in five weeks (and to $1,799,999 -- just for fu
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